Neuste Beiträge aus: Banro - unbekannt, aber mit Potential

PRESS RELEASES 3/2/2012 10:47:51 AM | Marketwire News
Banro Closes US$175 Million Debt Financing and Provides Twangiza & Namoya Updates
March 2, 2012 - 10:47:51 AM TORONTO, ONTARIO--(Marketwire - March 2, 2012) - Banro Corporation ("Banro" or the "Company") (NYSE Amex:BAA)(TSX:BAA) is pleased to announce the closing of its US$175 million debt financing detailed in its press release dated February 24, 2012.

This debt offering by the Company of 175,000 units consisted of US$175,000,000 aggregate principal amount of senior secured notes with an interest rate of 10% and a maturity date of March 1, 2017 (the "Notes") and 8,400,000 warrants (the "Warrants") to purchase an aggregate of 8,400,000 common shares of the Company, representing dilution of 3.8% on a fully - diluted basis. Each such unit consisted of US$1,000 principal amount of Notes and 48 Warrants, with each Warrant entitling the holder to purchase one common share of the Company at a price of US$6.65 for a period of five years.

The offering was conducted by a syndicate of investment dealers comprising GMP Securities and BMO Capital Markets (as co-lead managers and co-book-runners) and CIBC World Markets Inc., Cormark Securities Inc. and Dundee Securities Ltd. as co-managers.

The net proceeds from the offering will be used for the development of the Company's Namoya project, repayment of an existing credit facility and general corporate purposes.

"The significant support for the offering demonstrates the greater acceptance of the Democratic Republic of the Congo and Banro as an attractive investment opportunity," commented CEO Simon Village. "During the course of the offering, the Company decided to take up an additional $50 million of debt given the attractive rates relative to the historic cost of capital for the Company, and our ability to service this debt with the revenue generated from the now-producing Twangiza gold mine. Not only will the proceeds underwrite the construction of our second gold mine, Namoya, but will also now allow the Company to intensify its exploration programmes across the core projects, as well as work toward the longer term hydro power option for the gold belt, which will allow the Company to exploit the full potential of the belt."

Within the broader mandate of expanding oxide resources along the Twangiza-Namoya gold belt in the Democratic Republic of the Congo (the "DRC"), Banro's 2012 business plan is built on three core objectives:



-- Achieve steady gold production at Twangiza by optimizing the mine, plant
and human capital performance to secure consistent production of 10,000
oz per month;

-- Increase the Company's already significant gold resources; and

-- Develop Namoya, the Company's second gold mine, using current cash flow
from the Twangiza operation and the debt funding to achieve an
annualised rate of gold production in excess of 200,000 oz per annum by
the end of 2013.

http://www.marketwatch.com/story/banro-increases-debt-offering-to-us175-million-2012-02-24

interessanter intraday-Verlauf:

neues 52-Wochen Hoch

Banro Corporation: The Race To Full Commercial Production
http://seekingalpha.com/article/364831-banro-corporation-the…

Top Institutional Holders

http://apps.cnbc.com/view.asp?country=US&uid=stocks/ownershi…

...und wieder über die 5 CAD

Banro's Updated Economic Assessment of Namoya Phase I Gold Project Indicates First 3 Years of Full Production at an Average of 139,000 Oz/Yr at Average Total Cash Costs of US$478/Oz
- The Phase I mining and processing plan will concentrate predominantly on the oxides and transitional material and is designed to maximize near term cash flow. - Average annual production of 122,000 ounces of gold at an average total cash operating cost of US$464 per ounce for the first five years of Phase I production. - Internal Rate of Return (IRR) of Phase I is 71% with a project payback of 10 months based on a US$1,500 per ounce gold price. - Initial capital costs of US$148 million and ongoing capital of US$5.4 million.

TORONTO, ONTARIO -- (Marketwire) -- 01/23/12 -- Banro Corporation ("Banro" or the "Company") (TSX:BAA) (NYSE Amex:BAA) is pleased to announce positive initial exploration results from the Company's wholly-owned Kamituga project, located on the Twangiza-Namoya gold belt in the Democratic Republic of the Congo (the "DRC"). Highlights of the initial trench results received from the Mobale and Kibukila prospects at Kamituga are 18.0 metres grading 3.06 g/t Au in trench MOB-CH1, 22.00 metres grading 2.14 g/t Au in trench MOB-CH5, 32.0 metres grading 2.36 g/t Au from trench KIB-T1 and 51.0 metres grading 2.65 g/t Au from trench KIB-T2.

Zitat von XIOKurs hat sich auch gut erholt, von 3 CAD wieder auf 3,75

http://www.digital-trademag.com/

Antwort auf Beitrag Nr.: 42.518.433 von allida am 23.12.11 15:42:45Kurs hat sich auch gut erholt, von 3 CAD wieder auf 3,75

PRESS RELEASES 12/23/2011 9:00:00 AM | Marketwire News
Banro Increases Measured and Indicated Mineral Resources at Namoya by 39%

Antwort auf Beitrag Nr.: 42.509.908 von dan_wadle am 21.12.11 17:31:19die machen schön zuverlässig ihr ding!!!

Antwort auf Beitrag Nr.: 42.509.389 von allida am 21.12.11 16:18:11Auf der Internetseite von Banro werden Zusätzlich noch folgende Informationen zur Pressemitteilung angegeben:

- Start-up phase production approximately 2,800 ounces to date
- Expect steady state production of 120,000 ounces/year
- Mine construction at Namoya scheduled to begin Q1 2012

http://www.banro.com/s/NewsReleases.asp?ReportID=497950&_Type=News-Releases&_Title=Banro-Corporation-On-Track-to-Full-Production-in-Q1-2012

PRESS RELEASES 12/21/2011 8:00:00 AM | Marketwire News
Banro Corporation-On Track to Full Production in Q1 2012
December 21, 2011 - 08:00:00 AM TORONTO, ONTARIO--(Marketwire - Dec. 21, 2011) - Banro Corporation ("Banro" or the "Company") (NYSE Amex:BAA)(TSX:BAA) is pleased to provide an update on its wholly-owned Twangiza oxide gold mine in South Kivu Province, Democratic Republic of the Congo (the "DRC"), which is in the process of ramping up to full production in the first quarter of 2012, as originally scheduled.

Following Twangiza's first gold pour in October 2011, the mine and plant continue to gear up to full commercial production. The addition of two CIL (carbon in leach) tanks in the second half of 2012 will bring the mill to full capacity, increasing throughput from the start-up rate of 1.3 million tons per year to the steady-state of 1.7 million tons per year. Once at steady state, estimated production of 120,000 ounces per annum is forecast. The gold export process has now commenced successfully with gold being transported in accordance with in-country protocols from Twangiza to Rand Refinery in South Africa.

Of the US$209 million budgeted for capital expenditure for the construction of the Twangiza oxide mine, which included a US$13.5 million contingency, US$191 million had been spent to the end of the third quarter of 2011. The balance of funds will be used to complete the commissioning. The Company's current cash position is sufficient to underpin the Company's working capital and overheads until such time that the Company moves into a positive free cash-flow position, which is expected within the first quarter of 2012.

"At this point, approximately two months into our commissioning and moving towards full commercial production, Banro has navigated its way through much of the operating risks of bringing a new gold mine on stream," commented CEO Simon Village. "We have experienced many of the normal challenges in commissioning and fine tuning a plant, and I am pleased to say have now largely been overcome, which demonstrates the capabilities of our management and staff in building out the Twangiza mine and the next project, Namoya."

As per Banro's oxide strategy, cash-flow from the Twangiza oxide mine will be used to fast-track the second mine development project at Namoya, at the southern end of the Twangiza-Namoya gold belt. Start-up of a second gold mine within the next 18 months can provide the Company with greater overall flexibility and cash flow sooner for the potential development of other oxide projects at Lugushwa and Kamituga, also along this 210 kilometre long gold belt.

Qualified Person

Gary Chapman, the Company's Vice President, Operations and a "qualified person" (as such term is defined in National Instrument 43-101), has reviewed and approved the technical information in this press release.

Banro Corporation is a Canadian gold mining company focused on production from the Twangiza oxide mine and development of four additional major, wholly-owned gold projects, each with mining licenses, along the 210 kilometre-long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. Led by a proven management team with extensive gold and African experience, Banro's plans include the construction of its second gold mine at Namoya, at the south end of this gold belt, as well as the development of two other projects, Lugushwa and Kamituga, in the central portion of the belt and a second project at Twangiza to mine the sulphide portion of the resource. Banro's strategy is to unlock shareholder value by increasing and developing its significant gold assets in a socially and environmentally responsible manner.

Cautionary Note to U.S. Investors

The United States Securities and Exchange Commission (the "SEC") permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Certain terms are used by the Company, such as "Measured", "Indicated", and "Inferred" "Resources", that the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in the Company's Form 40-F Registration Statement, File No. 001-32399, which may be secured from the Company, or from the SEC's website at http://www.sec.gov/edgar.shtml.

habs rausgefunden...

120.000 unzen ab 2012 und dann gestaffelt steigern bis 2015 auf 500.000 unzen

Kann mir einer sagen, wieviel die dann ab 2012 jährlich produzieren wollen?

Und wie ist der Plan, die Produktion zu erhöhen?

Wäre super

Antwort auf Beitrag Nr.: 42.197.258 von SayTheTruth am 11.10.11 15:18:06Klasse!
Das der Zeitplan eingehalten wurde sollte allgemein Vertrauen schaffen.

Gruß u. fette Gewinne allen Investierten,
TT

Antwort auf Beitrag Nr.: 42.197.258 von SayTheTruth am 11.10.11 15:18:06yo, der kurs reflektiert die freude

Banro Corp's Twangiza Mine Pours First Gold in the Democratic Republic of the Congo

TORONTO , Oct. 11, 2011 /CNW/ - Banro Corporation ("Banro" or the "Company") (NYSE AMEX - "BAA"; TSX - "BAA") is pleased to announce first gold production at its wholly-owned Twangiza gold mine in South Kivu province, Democratic Republic of the Congo ("DRC"). Twangiza is Banro's first gold mine along the 210 km Twangiza-Namoya gold belt where the Company has to date delineated five projects within the 13 fully licensed mining concessions.

http://finance.yahoo.com/news/Banro-Corp-Twangiza-Mine-cnw-3…

Amine Bouchentouf: Junior Miners Offer Bigger Bang for the Buck than ETFs

Source: Zig Lambo of The Gold Report (10/5/11)

Amine Bouchentouf Despite the recent pullback in metals prices, Amine Bouchentouf still believes that precious metals and mining stocks offer investors the best way to profit from the unfolding global economic mess. In this exclusive interview with The Gold Report, he talks about a range of mining stocks that can offer investors the type of diversification and upside potential needed in today's rocky market environment and highlights several favorites.

Companies Mentioned: Avion Gold Corp. - Banro Corp. - Barrick Gold Corp. - Franco-Nevada Corp. - Golden Predator Corp. - New Gold Inc. - Newmont Mining Corp. - Royal Gold Inc. - Silver Predator Corp.

The Gold Report: Thank you for joining us today. You wrote "Commodities for Dummies" and are a partner in Commodities Investors LLC, an advisory firm. What is your reaction to the spectacular run-up in metals' prices and recent pullback in the last few weeks? Where are we headed from here?

Amine Bouchentouf: We have to put things in perspective. Let's not forget that gold has been one of the top performing commodities over the last five years, and even over the last year. I recommended gold in 2006 at about $500/ounce (oz.). Between 2006 and today, gold is up about 175%, even considering last week's downturn. Take it one step further; even this year gold is up approximately 15% while the S&P is down 7%. So, if you were in gold over the last five years or just the last year, you have outperformed the broad market by a wide margin. The long-term uptrend remains intact but these kinds of pullbacks are normal and provide buying opportunities.

TGR: So, with that mind, what are you thinking about performance in the next several months, and where are we going from here?

AB: I think we are going to see a volatile fourth quarter. Gold, throughout the year, has been acting as an independent asset. We saw it last week get caught up in the global asset deflationary cycle where, for the first time, every asset class went down with the exception of Treasuries. Equities went down and gold went down with them. That was, quite frankly, slightly unexpected by a lot of market participants. The fundamentals tell me that gold prices should go up.

Only 174,000 tons of gold exist in the world above ground. Looking at the supply side, that asset is growing at 2% a year. Last year gold production came in at approximately 2,500 tons. Throw in the physical demand from Asia and the Central Banks—for the first time we are seeing central banks become net purchasers of bullion. This is a new trend that I believe is going to put a floor on gold prices going forward. I've analyzed the holdings of central banks very closely and I think they are going to act as major drivers of physical gold purchases going forward, especially the emerging market central banks.

Let me be specific. The United States holds 75% of its foreign exchange reserves in gold. China currently holds 2% of its foreign exchange reserves in gold. Now we are seeing the Chinese Central Bank, the Brazilian Central Bank, the Russian Central Bank and the South Korean Central Bank all start to acquire gold very aggressively. Kazakhstan this year announced a very important decision. The Kazakhstan Central Bank now has a first option on all of the gold produced in Kazakhstan. And, Kazakhstan is a Top 10 producer with almost 40 tons of gold coming out every year—in a tight market, that kind of move can have a large impact, especially when other central banks start doing the same thing. We're now seeing a major move by the central banks into the physical market and that's going to provide a broad support for prices going forward.

TGR: Given that demand, if no one is a seller and every one is a buyer, then what happens?

AB: Right now what we are seeing is an increase in investor demand. We are seeing exchange-traded funds (ETFs) and more participants in the futures markets. We are seeing more hedge funds. We are seeing more mutual funds start to get physical. These have added some volatility to the prices, which is what we saw last week. We saw people deleverage. We saw margin calls and we saw the financial markets dictating the physical price. That has added a lot of volatility. Investors should be very careful of that kind of volatility. Going forward, we may be seeing larger spikes in gold than we regularly see in the silver markets, with new participants starting to flood into the gold markets.

TGR: So, the general trend is up with a lot of erratic activity in between.

AB: Yes.

TGR: In your writing, you have taken the position that junior gold mining companies are more attractive than the ETFs. Tell us why you think that's the case.

AB: Well, I would like to first say that the ETFs have helped in the democratization of owning all sorts of commodities. I'm not anti-ETFs by any means. I think ETFs provide an important tool and access point to the market that investors otherwise would not get. I would say that the junior mining companies offer a lot more upside because you have the exploration advantage and the potential for new discoveries through knowledgeable management teams that are out there trying to add value.

Let's just take a quick example. New Gold Inc. (NGD:TSX; NGD:NYSE.A) is a stock that has outperformed gold prices and gold ETFs by a wide margin. That's because the company has a really solid management team in place and it has been able to grow reserves and add value while keeping cash costs very low. The junior mining space is a great way to get that kind of exposure. If you want to get exposure to gold with additional upside, then I believe the mining equities in general—and the junior miners in particular—offer you a very, very good way to do that.

Also, when you are buying into a junior miner you are getting physical gold at a deep discount. For example, the extraction costs of some of these companies are $350–$450/oz. Even at $600/oz., which is the case of some miners, you are still getting your physical gold at a deep discount when you are buying into a mining equity. In an ideal situation, you would like to own both. You would like to have some physical exposure, but also get the junior mining exposure because the growth in value can be really explosive.

TGR: So, basically ETFs provide a sort of mutual fund approach to investing whereas the individual stocks provide bigger upside with potential pops, if a company comes up with something really spectacular.

AB: Exactly right. ETFs are similar to a tanker ship, which provides you with slow, steady exposure. Whereas the junior miners and the mining companies are more of a speedboat, which can give you a lot faster upside than a tanker would.

TGR: Pure commodities trading offers futures and options and that sort of thing. That's a whole different game for people who are interested more in gambling. Is that a good way to describe it?

AB: I wouldn't necessarily characterize it as gambling. I would say that the futures/options space is for experienced market players. If you don't have experience trading options or futures, don't do it because the losses can be dramatic. And, you can actually lose much more than your principal. One of the red flags of futures and options is that you can trade them on margin, often with low margin requirements. So, I think if you want to get commodity exposure, ETFs, equities and slight hedging positions, if you are experienced, are really the best way to go.

TGR: When you look at these junior companies, how do you categorize them? What criteria do you use?

AB: You have the three categories: explorers, intermediate producers and senior producers. Depending on which playing field you are in, you are going to get a different risk profile. If you want higher risk with potentially extremely high reward, then I would recommend looking into the explorers. We have recently seen companies make big discoveries and their stock price going through the roof. That's not just in the mining space, but in oil and other commodities as well. For the more high-risk/high-reward play, I would recommend looking at explorers.

The intermediates offer a steady base from which to build an investment portfolio. The reward might not be as high, but it establishes a floor because the company already has production. Any upside it can generate will flow down to the shareholder, and that's where you can benefit.

Seniors like Barrick Gold Corp. (ABX:TSX; ABX:NYSE) and Newmont Mining Corp. (NEM:NYSE) are companies that are already producing and have very substantial reserves. The upside will come from acquisitions or ramping up existing production or issuing dividends to existing investors. So, as an investor going to the mining equity space you really have a wonderful universe of companies to choose from that fits every investment profile.

TGR: Do you want to tell us about some names that you think are particularly attractive at this point?

AB: I like several different companies in the space. As far as companies that are already producing, New Gold is an interesting company. It has some great assets and it is growing them. It has a good exposure base. The company is in mining-friendly jurisdictions in Canada, the United States, Australia and Mexico. I'm also not afraid to look into emerging markets like Africa and Latin America for growth. I think a company like Avion Gold Corp. (AVR:TSX; AVGCFTCQX), for example, which is in Mali in West Africa, can provide some terrific upside. The company is already producing about 90 thousand ounces (Koz.) a year and has plans to increase that to 200 Koz. by 2012; it also has some great potential upside in exploration with a target-rich area of 600 square kilometers. It's also in Burkina Faso, which can give you even more exposure to a growing mining jurisdiction. A company like Banro Corp. (BAA:NYSE; BAA:TSX), which is based in Central Africa, for example, can offer additional exposure with an existing base of 7 million ounces of gold plus an exploration package of 210 square kilometers. That's a spectacularly well-managed company and it can offer tremendous upside.

As far as some of the other names, I do like some of the royalty companies as well. I think the royalty companies offer a unique entry point into the market. Companies like Royal Gold Inc. (RGL:TSX; RGLD:NASDAQ), for example, have done very well. Franco-Nevada Corp. (FNV:TSX) is also one that investors should be keeping an eye on. These are very interesting plays because you are getting that kind of industry exposure without the operating expenditures. For me, as an investor, that's an attractive proposition. If I am looking at a Franco-Nevada, this is a company that gives me the gold exposure without the burden of operating and capital expenditures. As an investor, I find that attractive.

TGR: Any others you like?

AB: I think Golden Predator Corp. (GPD:TSX) is a really interesting company. It has a year-long drilling program in the mining-friendly Yukon with no risk of having your assets seized by the government. Its exploration area package is bigger than the state of Delaware so the upside can be significant. Another company is Silver Predator Corp. (SPD:TSX), which is similar to Golden Predator since it also operates in the Yukon, except that it's focusing on silver assets. It also has assets in Nevada, which is another mining-friendly jurisdiction; it's thinly traded at the moment but it's a company I'm keeping on my radar screen.

TGR: That's a good broad range of coverage for the industry. What do you think metals and mining investors should be concerned about in the coming months as we are going through all this turmoil?

AB: I am watching the European sovereign debt situation and any potential spillovers it may have. If Greece defaults, that may trigger a cascade of defaults across Europe that could dwarf the effects after the 2008 Lehman collapse. So, in this case, I think hard assets do provide you with good exposure. Gold, in particular, provides safety in inflationary times. In addition, if we see large inflationary trends, which we have already seen through Quantitative Easing (QE) 1 and QE2, that's another reason to be in gold. There is a direct correlation between increase of money supply and the increase in the gold price. I've studied this very carefully and determined that for each 1% increase in total money supply in the United States, we see a 0.97% increase in the price of gold.

So, if you are going to see the Federal Reserve and Bernanke print more money, that is a bullish sign for gold, not for dollars. As an investor looking out in the marketplace right now, I want to be in physical assets like gold and silver. Let's not forget that gold and silver have been currencies for centuries. Let's say that 100 years ago I showed up with a bar of gold in one hand and some green paper in the other, which do you think would get me what I want? The gold, because gold has that monetary aspect to it and it is a store of value. So, in this time of turmoil and market volatility, you want to be in gold.

TGR: Are you saying that the prospects for gold are good regardless of the intermediate little panics where people play games? Ultimately the metals should outweigh the paper?

AB: Absolutely. The hard assets are a store of value and a great place to be. Going forward, we should see a big increase in gold prices. Silver is a little bit trickier; silver is a schizophrenic commodity because it is 50% industrial and 50% investment oriented. These two undercurrents are always at play in the silver markets. That is why we see such violent swings in silver. If we see a collapse or if we see inflation in Europe and in the United States combined with robust industrial demand from Asia, these are two market drivers that will be bullish for silver. Again, I would like to point out that it is very important for investors to be careful when investing in silver because it can move violently, especially if you are trading the futures or options.

TGR: Is there anything else you would like to leave with our readers?

AB: Right now, valuations are very attractive in the mining equity space. Gold is still an institutionally under-owned asset. We're seeing strong physical demand from the central banks and from investors. We are seeing strong physical demand for jewelry. So, I believe the future for gold is bright. And, in a period of tremendous market dislocation, you want to be in an asset such as gold.

TGR: Those are good words of advice for our readers and they can make their decisions accordingly. We will just have to stay tuned and see what happens.

AB: Exactly.

TGR: Thanks for joining us today. We'll look forward to speaking with you again to see what develops.

Antwort auf Beitrag Nr.: 41.954.811 von XIO am 15.08.11 20:56:45Hallo Xio
ich danke Dir herzlich für den Link. Das hört sich richtig gut an
ich glaube ich werde umschichten von K nach BAN
Gruß
Dadak

Antwort auf Beitrag Nr.: 42.175.480 von XIO am 05.10.11 22:15:36Aha, also das passiert mit meinem Geld!
Der Produktionsbeginn in Q4 rückt näher ...

Antwort auf Beitrag Nr.: 42.051.776 von XIO am 06.09.11 20:57:49da hattest du wohl recht...

bin gestern zu 4.57 CAD eingestiegen.
schon krass, dass ne Qualitätsaktie wie diese es gerade mal auf 90 Beiträgein diesem Forum gebracht hat.

Danke für deine Mühe im Thread!

Grüsse STT

Banro hat die $5 erreicht, wird nicht das letzte mal gewesen sein!

http://www.dyor.de/forum/5-a-f-firmen-alphabetisch/8-banro-t…